NOVONIX (NASDAQ:NVX) Trading 6.1% Higher – Here’s What Happened

NOVONIX Limited (NASDAQ:NVX) rose 6.1% on Thursday . The stock traded as high as $1.93 and last traded at $1.91. Approximately 112,340 shares were traded during trading, an increase of 34% from the average daily volume of 83,624 shares. The stock had previously closed at $1.80.

NOVONIX Stock Performance

The company has a quick ratio of 5.94, a current ratio of 6.15 and a debt-to-equity ratio of 0.44. The company’s 50 day simple moving average is $1.89 and its 200 day simple moving average is $1.81.

Institutional Trading of NOVONIX

An institutional investor recently raised its position in NOVONIX stock. Jane Street Group LLC boosted its stake in NOVONIX Limited (NASDAQ:NVX) by 103.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,495 shares of the company’s stock after acquiring an additional 17,541 shares during the period. Jane Street Group LLC’s holdings in NOVONIX were worth $63,000 as of its most recent SEC filing. 0.06% of the stock is currently owned by hedge funds and other institutional investors.

NOVONIX Company Profile

NOVONIX Limited provides battery materials and development technology for battery manufacturers, materials companies, automotive original equipment manufacturers (OEMs), and consumer electronics manufacturers in North America, Asia, Australia, and Europe. It operates through Battery Materials and Battery Technology segments.